RED BANK, NJ--(Marketwire - 10/21/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News), the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, is pleased to announce their alliance with Carte Blanche, a manufacturer of "Crossfilm Cookware" for high efficiency ovens.
Cono Italiano, Inc. and Carte Blanche, the manufacturer of Crossfilm Cookware, have developed a cooking apparatus and cone holder to prepare pizza cones and breakfast cones (egg and cheese) in high speed efficiency ovens. The material used in this process is a Polytetrafluorethylene (PFTE) composite, which is approved by the Food and Drug Administration(FDA) and designed specifically for food contact. Mitchell Brown, CEO of Cono Italiano, Inc., has stated, "The development of this device will be instrumental in the launch of the Pizza cone into the QSRs (Quick Service Restaurants) and Convenience stores. It will allow the consumer to purchase our product at store level using fresh ingredients, at the same time maintaining the integrity of the product a fresh crisp and crunchy dough." Crossfilm Cooking products are capable of being used in temperatures ranging from -100 degrees F (-73 degrees C) to 600 degrees F (316 degrees C),they are grease resistant, non stick and dishwasher safe. Unlike other brands, there is no mechanical reinforcement such as fiberglass in the food zone, eliminating potential food contamination during extended use. As it wears it exposes a new PTFE surface insuring "sustained FDA compliance."
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
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